Johnnie Walker

Diageo Withdraws Medium-Term Goals As Tariffs Cloud Outlook

Diageo withdrew its medium-term organic sales growth target on Tuesday as it took steps to try and mitigate the impact of US tariffs.

Diageo does not intend to sell its beer brand Guinness or its stake in Moet Hennessey, the spirits maker said on Sunday.

Diageo said on Thursday some of its strategic initiatives were starting to pay off as shares rose in early trade.

Diageo just missed full-year profit forecasts and warned challenges could persist into next year as sales sank in Latin America.

Diageo is set to post its first yearly sales decline since 2020 next week, as it aims to rectify its performance in significant markets.

Diageo has hired bankers at Rothschild to explore the possible sale of three non-core brands, Sky News reported today.

Diageo is seeing delays in shipping due to attacked on vessels in the Red Sea, the spirits retailer has revealed.

Diageo PLC's chief executive Ivan Menezes believes Scotland could face a water shortage due to climate change.

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